Comments on: Don’t Think All Bank Earnings Will Be The Same http://www.peridotcapitalist.com/2008/07/dont-think-all-bank-earnings-will-be.html Stock market and investing blog published by Chad Brand, Founder/President of Peridot Capital Sat, 11 Feb 2012 23:26:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Chad Brand http://www.peridotcapitalist.com/2008/07/dont-think-all-bank-earnings-will-be.html/comment-page-1#comment-924 Chad Brand Mon, 21 Jul 2008 11:49:00 +0000 http://www.peridotcapitalist.com/?p=613#comment-924 Anonymous,<br/><br/>I am with you that one would not expect one California lender to be much different than another, especially when the lending environment was so out of whack with reality.<br/><br/>That said, the performance of the loans speaks volumes and thus far Well Fargo's loans are performing far better than the likes of Golden West for the key 2005 and later vintages. Anonymous,

I am with you that one would not expect one California lender to be much different than another, especially when the lending environment was so out of whack with reality.

That said, the performance of the loans speaks volumes and thus far Well Fargo’s loans are performing far better than the likes of Golden West for the key 2005 and later vintages.

]]> By: DaveinHackensack http://www.peridotcapitalist.com/2008/07/dont-think-all-bank-earnings-will-be.html/comment-page-1#comment-922 DaveinHackensack Fri, 18 Jul 2008 08:02:00 +0000 http://www.peridotcapitalist.com/?p=613#comment-922 It also hasn't hurt PNC that it has a more diversified business than some other banks, with its servicing business (what used to be called PFPC) and its stake in Blackrock. It also hasn’t hurt PNC that it has a more diversified business than some other banks, with its servicing business (what used to be called PFPC) and its stake in Blackrock.

]]> By: Anonymous http://www.peridotcapitalist.com/2008/07/dont-think-all-bank-earnings-will-be.html/comment-page-1#comment-920 Anonymous Fri, 18 Jul 2008 03:03:00 +0000 http://www.peridotcapitalist.com/?p=613#comment-920 Chad, do you honestly think that the rank-and-file mortgage bankers at, for instance, the WFC branch in Berkeley, CA was doing anything different from the rank-and-file mortgage banker at Golden West (now Wachovia)? They increased the time period before they treat loans as delinquent from 120 to 180 days. They still have lots of HELOCs over 90% LTV.<br/><br/>All that said, I will reserve final judgment until the 10Q is published with its juicy details. Until then, treat the earnings release and conference call as an infomercial.<br/><br/>--Bond investor Chad, do you honestly think that the rank-and-file mortgage bankers at, for instance, the WFC branch in Berkeley, CA was doing anything different from the rank-and-file mortgage banker at Golden West (now Wachovia)? They increased the time period before they treat loans as delinquent from 120 to 180 days. They still have lots of HELOCs over 90% LTV.

All that said, I will reserve final judgment until the 10Q is published with its juicy details. Until then, treat the earnings release and conference call as an infomercial.

–Bond investor

]]>